Issue link: https://htpgraphics.uberflip.com/i/246988
Types of Licence? Section 4 There are three main types of licence which can be granted – an exclusive licence, a sole licence or a non-exclusive licence. Your decision as to which type of licence to grant will depend on the degree of freedom you want to offer and the rights of use you also want to retain. Taking the example of the on-line 'IP management' training package referred to earlier. If you are looking to license this package to Company X, the different options are as follows: Exclusive Licence Sole Licence Non-Exclusive Licence If you grant Company X an exclusive licence to use the package, this means that only Company X can use the package. You would not be able to use the package (even for research), neither would you be able to license anyone else to use the package. If you grant Company X a sole licence to use the package, this means that Company X can use the package and you would be able to use it, however, you would not be able to license anyone else to use the package. If you grant Company X a non-exclusive licence to use the package, this would mean that you would be free to use the package yourself and you would also be free to license anyone else to use the package, in addition to Company X's right to use. Reasons why you may want to grant an exclusive licence? n If you do not have the resources to commercialise your IP as you would wish to do, and other than the party to whom you wish to grant a licence, there are no other market players who have the capacity or that other party would not invest in commercialising the IP without exclusivity. You or your institution does not require use of the IP and you would be happy to lose a fair degree of control over the IP. n n You would like to maximise your return from that licensee. 21